the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.
That is retarded, roemer. You may be lost or in the wrong thread..
We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..
Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..
Furthermore, bitcoin is a kind of currency and asset that is based on sound money principles, so value will continue to gravitate into bitcoin as it has in the past, which causes bitcoin to be valuable to hold, yet at the same time, there is a need to accumulated it first... and yeah sometimes when we are accumulating we might run out of money, so we have to HODL, and sometimes we are tempted to sell, so we have to HODL... so sure there could be some HODL ideas even while we are still accumulating and building up our bitcoin holdings.
Bitcoin competes with fiat, so in that sense it could be considered as something that was intended to replace fiat - yeah such replacement might not happen right away, yet you already have stated that even in your own personal journey you gravitate towards accumulating bitcoin and spending fiat, and so the longer and longer bitcoin is around, then the more and more people, institutions and governments are going to realize that they should be gravitating towards bitcoin too... so if a lot of the value is gravitating towards bitcoin, then little by little the inferior currencies are likely to receive less and less use and also to disappear.
Sure governments are going to continue to want to preserve their inferior money systems (control systems), yet they are not going to be able to stop everyone from gravitating towards bitcoin, even though they will try to stop the gravitation of value into bitcoin..and sure maybe they will have various temporary periods of success, yet their possible temporary periods of success still does not justify not gravitating value into bitcoin for anyone who knows about the value of bitcoin sooner rather than later, then the ones who know sooner will benefit more from their knowledge so long as they act to gravitate their value into bitcoin rather than into inferior monies and/or assets... which bitcoin is the apex predator of assets and/or currencies, even if a lot of people either don't understand/realize such fact and/or some people are merely just coming around to understanding/realizing such fact that bitcoin is the apex predator of assets/currencies.
But, Why hold on to something that loses value every year? And yeah, governments will definitely try to keep their systems alive, but they can’t really stop people from moving toward something better. They might slow it down for a while, sure, but they can’t kill it. The truth is, if you understand what Bitcoin really is and you act early, you’re already ahead. Most people won’t get it till it’s way more expensive. And yeah, calling Bitcoin the apex predator isn’t even an exaggeration at this point. It just keeps proving itself over time.
We still have to find balance in how we hold bitcoin and/or fiat and/or other assets/currencies, since our bill may well be denominated in dollars and/or fiat, so we likely need to keep some fiat on-hand to pay our bills, and most people earn their wages in fiat, not in bitcoin.
Even guys who earn wages in bitcoin, they will tend to have their bitcoin amounts denominated in fiat.